Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Ryan Specialty Group acquires transportation MGA

Reprints

Acquisition

Ryan Specialty Group Underwriting Managers, the specialty underwriting unit of Ryan Specialty Group L.L.C., said Wednesday that it has agreed to acquire 100% of the assets and operations of Interstate Insurance Management Inc.

The terms of the transaction were not disclosed.

Johnstown, Pennsylvania-based Interstate is a transportation managing general agent led by president and CEO Jack Buchan. The company has 50 employees.

"Interstate’s leadership, approach, and decades of successful underwriting results exemplify RSGUM’s commitment to entering the transportation segment only with the right partner,” said Miles Wuller, Chicago-based chief operating officer of Ryan Specialty Group Underwriting Managers, in a statement.